Stock index, peso end lower
May 6, 2019
The main Philippine stock index fell by more than one percent, or 105.68 points to 7,862.30 on Monday. The peso finished at P51.925 against the US dollar from P51.85. Volume at the foreign exchange portal of the Bankers Association of
S&P rating upgrade marks global confidence in fiscal policies
May 6, 2019
Finance Secretary Carlos Dominguez III has said the recent upgrade by S&P Global Ratings on the Philippines’ credit standing signals international confidence in the Duterte administration’s prudent fiscal management and places the country above the ranks of other large and
Aso urges ADB to end lending to China
May 5, 2019
Nadi, Fiji–Japanese Finance Minister Taro Aso called on the Asian Development Bank on Saturday to realize China’s “graduation” from its lending promptly. The regional lender for developing countries “should hold substantive discussions on a concrete path toward graduation while prioritizing
ADB to spend 5 B. dollars on fight against marine waste
May 4, 2019
Nadi, Fiji–The Asian Development Bank has announced plans to spend 5 billion dollars, including through syndicated loans, in 2019-2024 to help the Asia-Pacific region tackle plastic waste and other forms of marine pollution. The Manila-based ADB also plans to support
Stock index lower, peso slightly higher
May 3, 2019
Philippine stocks reversed course, with the main index closing below 8,000 points but the peso settled slightly higher against the US dollar on Friday. The peso ended at P51.85 from Thursday’s P51.87. Volume at the foreign exchange portal of the
Stock index, peso climb
May 2, 2019
The main stock index and the peso gained on Thursday following a trading holiday due to Labor Day. The peso closed at P51.87 against the US dollar from P52.105 on Tuesday. Volume at the foreign exchange portal of the Bankers
Stock index ends higher
April 30, 2019
The main stock index ended higher while the peso finished flat against the US dollar on Monday, a day before Labor Day holiday. The peso ended at P52.105 against the US dollar from Monday’s P52.11. Volume at the foreign exchange
S&P upgrades Philippine credit rating to “BBB+ stable,” a notch away from ‘A’ rating
April 30, 2019
International debt watcher S&P Global upgraded the country’s credit rating from “BBB” to “BBB+” with a “stable” outlook. In a report released April 30, S&P recognized the strengths of the Philippine economy that affirms the country’s creditworthiness. The new rating
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